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20120927
20120927
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problems that we have here in the united states. >> ifill: is there also a problem with coming to some sort of resolution as far as germany and other bank-- money-- money givers go? that somebody else is going to get in line. that if you give greece money, spain is going to be standing there. if you give spain money portugal could be standing there. >> there is this problem of political moral hazard going on which is really, as you say, well, if you give us, let's say, debt relief to greece, well, then you can be pretty sure that other european countries that also have received bailouts will want the same treatment. so what you're trying to do in europe, in minute, is really to-- i believe that ultimately debt relief will have-- further debt relief will have to be given to greece by the euro area governments. but they're really trying to make the road to that so arduous and so terrible that nobody else in europe will really want to go down that route. and as we're looking at greece today-- which has a cumulative decline in g.d.p. of, you know, close to 20% and still dropping-- i think it's
such as in europe. >> tom: i want to ask about demand here in the united states, because natural gas prices have been very low for quite some period of time thanks to new drilling techniques that have led to an abundance of natural gas. how high are natural gas prices have to go in order for your industry, the coal miners, to begin to see a pickup in demand domestically? >> well, when we see gas get back to the $3 range, coal will be back in money in terms of dispatching the electricity market. i think it's public policys that don't allow us to compete and we're starting to see what we believe are bad public policys that are going to carry bad chemical weaponss for american business and american consumers. >> tom: i want to ask you about one of those, an e. p. a. rule that would require plants built after april 2013, power plants, to have carbon capture technology. what kind of impact may that have on coal demand there after? >> well, tom, that is a policy that says we're not going to invest in the future of coal and future of clean coal technology, because if you're going to require something t
Search Results 0 to 1 of about 2